Economic Resilience with An Exchange Rate Peg

Released on by Harold Codrington
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  • Economic Resilience with An Exchange Rate Peg Book Detail

  • Author : Harold Codrington
  • Release Date : 2003-08-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 24
  • ISBN 13 : 1451858280
  • File Size : 19,19 MB
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Economic Resilience with An Exchange Rate Peg by Harold Codrington PDF Summary

Book Description: This paper discusses the institutional arrangements for exchange rate targeting in Barbados and the critical role they played in the policy response to its balance of payments crisis of 1991-92. The framework featured ongoing cooperation between the central bank and the Ministry of Finance, and the use of a forecast model which highlighted the size of fiscal adjustment needed to secure foreign reserves adequate to maintain the exchange rate peg.

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